Policy Wise

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Via Marginal Revolution, a new US government report on climate change(pdf document) mentions how private insurers are responding to future climate changes.

Major private and federal insurers are both exposed to the effects of climate change over coming decades, but are responding differently. Many large private insurers are incorporating climate change into their annual risk management practices, and some are addressing it strategically by assessing its potential long-term industry-wide impacts. The two major federal insurance programs, however, have done little to develop comparable information.

Interesting to note that the market is beginning to respond to climate changes.

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